ARK Invest’s CEO Cathie Wood believes there is a shift in investment trends, specifically, a growing preference for bitcoin over traditional gold investments. This trend has been particularly pronounced following the launch of spot bitcoin ETFs, offering investors streamlined access to the cryptocurrency.
Cathie Wood Says Investors Are Shifting From Gold to Bitcoin Amid Financial Uncertainty
In a recent video on ARK Invest’s Youtube channel, CEO Cathie Wood said there is a significant shift among investors moving from traditional gold investments to bitcoin. This shift, according to Wood, has become increasingly apparent following the introduction of spot bitcoin exchange-traded funds (ETFs), providing a less cumbersome access to the cryptocurrency.
During a dialogue with Brett Winton, ARK’s chief futurist, Wood pointed to bitcoin’s remarkable resilience and growth, especially in times of financial instability. She recalled the instance of March 2023, when the U.S. faced a regi
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